Back to Search
324 Santa Anita Ave
For Sale $2,925,000 ($487.42 per Sq Ft)
$2,925,000 ($487.42 per Sq Ft)
- 8 Units
- 6,001 Sq Ft
- 8,981 Sq Ft
- Unknown Cap Rate
Description
The E. Santa Anita Ave Residences present a rare value-add opportunity in one of Burbank's most desirable rental corridors, just south of Glenoaks Blvd. This 8-unit, 6,001 sq. ft. building sits on an oversized 8,978 sq. ft. lot and features an efficient mix of two 2BR/1BA units and six 1BR/1BA units. Units have already been modernized with stainless-steel appliances, wood flooring, and upgraded bathroom vanities. Ownership has also completed major system upgrades, including electrical, reducing near-term maintenance exposure for a new investor. Built in 1957, the property is subject to AB 1482, allowing approximately 8% annual rent increases. Eight parking spaces (including tandem), and a rear garage with ADU conversion potential, this asset offers multiple avenues for forced appreciation. This is an exceptional chance to acquire a trophy multifamily asset in a prime, low-vacancy Burbank neighborhood with strong long-term fundamentals. All of the units have been renovated.There are 8 parking spots. NOI is at $188,878 running at 17% for expenses (Excluding property taxes)
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,925,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,001 |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1957 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2453029008 |
| MLS # | 225005855 |
| Property ID | 322435546 |
| Lot Sqft | 8,981 |
| Zoning | BUR4* |
| Total Units | 8 |
| Days on Market | 4 |
| Original List Price | $2,925,000 |
| Applicances | Gas Water Heater,Water Heater% |
| Date Updated | December 08, 2025 |
| Date Created | December 05, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Renee Wilkins-Virella an agent of Keller Williams Westlake Village. Lic #02188375
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 08, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT